IC83 GROUP INSURANCE - 08
| Q1.What is the rate of matching contribution to the PF by the employee and the employer in a covered establishment? |
| a) 8.33% of the eligible salary |
| b) 12% of the eligible salary |
| c) 10% of the eligible salary |
| d) Either 10.00% or 12.00% of the eligible salary as decided by the employer |
| Q2.During group renewal, the claims and exposures may be analyzed by taking into account |
| a) Group's internal record-keeping mechanism |
| b) Group's mortality experience confidence intervals |
| c) Group's credibility to the experience |
| d) All of the above |
| Q3.In which plan, the employer pays the full premium, are much easier to administer? |
| a) Natural plans |
| b) Compulsory plans |
| c) Voluntary plans |
| d) None of these |
| Q4.A social Security Division has been set up under Which Ministry? |
| a) Women Welfare |
| b) Labour and employment |
| c) Human Resource Development |
| d) Minority affairs |
| Q5.In which of the following securities is EPFO's corpus majorly invested? |
| a) Central Government Securities |
| b) Equities |
| c) Balanced Mutual Funds |
| d) Gold |
| Q6.The minimum investment that is to be made in PPF to keep it active is __.? |
| a) Rs. 500 |
| b) Rs. 1,000 |
| c) Rs. 70,000 |
| d) Rs. 1,00,000 |
| Q7.Which of the following is a government-backed pension scheme in India targeted at the unorganized sector? |
| a) Atal pension yojana |
| b) National pension system |
| c) Pradhan Mantri Jeevan Jyoti bima yojana |
| d) Pradhan Mantri Suraksha Bima Yojana |
| Q8.Pension Fund Regulatory and Development Authority (PFRDA) permits Non-resident Indians (NRIs) to invest in National Pension System (NPS). |
| a) False |
| b) True |
| Q9.In the case of a Quot-share arrangement, who bears the same mortality risk? |
| a) Insurer |
| b) Reinsurer |
| c) Both of the above |
| d) None of the above |
| Q10.Under which arrangements the fund remains invested, instead of buying an annuity, and the member withdraws an amount of the fund each year? |
| a) Investment arrangement |
| b) Income breakdown |
| c) Guarantees |
| d) Annuity purchase |